PMPA Member Participates in Congressional Tax Reform Working Group Meeting

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PMPA Government Affairs Committee Chairman Brad Smith of Indianapolis based The Mitchel Group particpated in a round table discussion with members of Congress serving on the Small Business Working Group.

Brad Smith at a recent Congressional Small Business Working Group Meeting

Brad raised the impact of tax reform on small manufacturing businesses and detailed how existing tax deductions and credits are used by shops like ours to improve our global competitiveness.

The House Ways and Means Committee established eleven tax reform working groups to explore the impact of tax policy on various industries and individuals.

Brad Smith had a seat at the table representing our industry.

Findings from all of the eleven tax reform working groups must be submitted to the Joint Committee on Taxation by the end of April for inclusion in the May 6th public report.

PMPA is pleased to offer our members both sensemaking on regulatory developments and facilitate their sharing of issues with elected and appointed officials in Washington D.C..

PMPA delivers ‘Regulatory Assurance’ to help member shops understand and comply with regulations and avoid severe penalties.

We just posted our Dodd Frank Section 1502 Conflict Minerals Guidance on our website.

At the same time, we are an Amicus on a court case challenging the SEC Conflict Minerals Final Rule.

And we just hosted a Washington D.C. Fly-In event to meet with Congressmen and Senators to discuss current impacts on our manufacturing businesses.

In the area of regulatory and Washington D.C impacts on small manufacturing businesses – PMPA is the figurative ‘helping hand’ providing assistance so our members can remain compliant, competitive, and sustainable.

How do you intelligently manage the risk of the onslaught of regulations, requirements, and potential new legislation on your shop?

PMPA members recognize “Regulatory Assurance” as just one of a number of deliverables to help them stay competitive.

Dodd Frank Section 1502 Conflict Minerals Guidance for Machine Shops

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PMPA staff has prepared a Conflict Minerals compliance guide for our members based on our analysis and understanding of the SEC’s final rule.

That’s 356 pages worth of time we won’t be getting back- but that we can save you!

Saving you the pain... — Saving you the pain…

Our two page summary provides

a link to the final rule;
an overview of the potential impact of the rule;
explains the SEC’s determination of what constitutes “Conflict Minerals” as applies to our precision machining shops;
clarifies the “necessary to production question” that concerns many people. (If the conflict minerals are in my shop’s tools, machinery, or computers, do they need to be reported?)

In addition to identifying the 4 focus minerals that are encountered in our industry, our report provides 5 questions to help you make sense of and formulate your reply to each job and request for documentation from your customers for Conflict Mineral Status.

Finally, our document provides both the means to determine and suggested language to warrant that your product is “DRC Conflict Free” to your customer.

Effective associating through PMPA means that our members get a clear plain English tool they can use document to make sense of their obligations under Dodd Frank. And guidance on how to respond and educate your customer.

Where do you go to get sensemaking on newly emerging regulatory requirements?

PMPA members know that we provide them with REGULATORY ASSURANCE.

PMPA provides assurance to you in the high stakes world of regulatory compliance.

Our diligence on identifying regulatory issues and sensemaking on regulations help PMPA members assure compliance and avoid draconian penalties. And we provide tools they can use to respond effectively and confidently minimizing the impact and burden their shop.

That is Effective Associating!

Where do you go to get sensemaking on newly emerging regulatory requirements?

Not a PMPA member? Call Jeff Remaley 440 526 0300

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